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What's at stake at the crucial OPEC meet? | India Development Debate

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Oil is making headlines again, and this time around all eyes are on the Vienna meet of OPEC, the big oil cartel. Ahead of the final decision tomorrow, Saudi Arabia has indicated that it is ready for an output cut of 1 million barrels per day to strike a balance between demand and supply. The stakes are high for India because any big shift in OPEC strategy could adversely impact our balance sheet, especially the current account deficit. The recent meltdown in crude oil prices has come as a blessing for the Modi Govt, as it could ease the inflation pressure and brings stability to the rupee. Coming ahead of the general election, the signals from Vienna is critical for PM Modi's economy managers, and that's what the discussion is on this edition of India Development Debate. Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :-Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :-Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :-Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com

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